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Just in: A manager at Merafong Municipality in Jhb #ThysWienekus was arrested in connection with #VBS this morning. He will be charged with 1 count of contravening s173(3) of the Municipal Finance Management Act.
This is the first arrest in the #VBS Municipal investigations leg.
#ThysWienekus was later appointed as CFO of Merafong Municipality & may have been grossly negligent when he made a R50m investment with #VBS in contravention of the MFMA.
He acted on the instructions of(Screengrab is s173(3) of MFMA - what #Wienekus is charged with)
#NPA's charge sheet says #ThysWienekus made R50m investment in #VBS on instruction of Municipal Manager #RomeoMohaudi, despite knowing investments with VBS were not permitted.
It seems that #Wienekus may be used as state witness against Mohaudi and in this leg of investigations.
We know who #RomeoMohaudi is thanks to @amaBhungane's story, placing him as a central character in the Merafong municipality who is accused of having forced through the illegal R50m #VBS investment: dailymaverick.co.za/article/2020-0…
#ThysWienekus will appear today to start bail proceedings in the commercial crimes court in Pretoria in relation with the #Merafong municipality's R50m investment in #VBS.

This arrest is a separate leg from the arrests of the #VBS8 (#PhilipTruter, #TshifhiwaMatodzi etc)
The interesting thing about #ThysWienekus is how he was acting CFO of Merafong M for exactly three days – 20 June 2017 to 23 June 2017 – when, on the last day of his stint as financial head, the R50m investment in #VBS, contravening the MFMA, was slipped through.
#ThysWienekus' case was postponed to 29 July for a plea and section 105a sentence under the criminal procedure act. It seems Wienekus are angling to plead guilty and become state witness against #RomeoMohaudi et al in the #VBS case, hoping to receive a lesser sentence.
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#ThysWienekus #VBS #Wienekus #NPA #RomeoMohaudi #Merafong #VBS8 #PhilipTruter #TshifhiwaMatodzi

More from @PaulivW see all

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Pauli Van Wyk
@PaulivW
#VBSArrests
A thread on why some arrested in the #VBS case admitted guilt before adv #Terry#Motau and Werksmans, but told the court today they will plead “not guilty”,
and why the amounts on the indictment is different from the amounts they actually received.
#TshifhiwaMatodzi & #AndileRamavhunga are the only accused who steadfastly denied before #Motau that they were not guilty of the #VBS bank heist. They told the court today they will plead "not guilty" and asked for bail. (@van1go is reporting on magistrate Nemavhidi's decision)
Testifying before Motau, #PaulMagula, #ErnestNesane, #PhilipTruter, #PhlaphalaRamikosi & #PhophiMukhodobwane confessed to some wrongdoing. #SiphoMalaba seemed to not have actually confessed, but his problem is that he signed off on #VBS' positive AFS and lied to the SARB.
Read 12 tweets
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Pauli Van Wyk
@PaulivW
#VBS' chair #TshifhiwaMatodzi is one of 8 arrested relating to the fleecing of the bank. I wrote about his role here, and showed how he ordered money to be paid to the #EFF leaders' front company as "lobbying fees" & because the account was "strategic". dailymaverick.co.za/article/2020-0…
The #PIC appointed #ErnestNesane & #PaulMagula to guard their investment in #VBS. They rather helped to cover the black hole & took millions of poor people's money for themselves. Wrote about them here: dailymaverick.co.za/article/2019-0…
#PhilipTruter was instrumental in the #VBS scam and worked closely with #PhophiMukhodobwane and #TshifhiwaMatodzi, WhatsApp messages show. I wrote about Truter's part here: dailymaverick.co.za/article/2020-0…
Read 5 tweets
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Pauli Van Wyk
@PaulivW
#VBS robbery: First arrests
8 men have been arrested early on Wednesday morning in connection with the theft of R2,7-billion at VBS Mutual Bank in around 2015 to 2018.
#VBS
NPA issued a racketeering certificate in which the group is accused of being instrumental in fleecing the bank's resources & its ultimate implosion. Will be prosecuted for a range of allegation, including racketeering, corruption, money laundering, fraud.
4 bankers, 2 officials from PIC, a KPMG auditor & a ltgenl in SAPS have been arrested in connection with their instrumental role in the theft of over R2,7-billion from #VBS Mutual Bank, a bank mainly catering for the poor. This group includes 4 chartered accountants & an attorney
Read 9 tweets

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